Again, FAAC meeting ends inconclusive

- Federal Accounts and Allocation Committee's meeting has again ended without any conclusion

- With this development, workers’ salary at both federal and state levels for the month of June may not be paid early

Again, the monthly meeting of the Federal Accounts and Allocation Committee (FAAC) slated for Wednesday, June 27, has ended without any conclusion.

After the meeting, the director of information in the Ministry of Finance, Hassan Dodo, told journalists that the meeting ended inconclusive and had been rescheduled for another date, but he didn't give a reason why no conclusion could be reached by the committee.

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Dodo said: “Gentlemen, this briefing cannot hold because the FAAC meeting ended inconclusive and has been rescheduled for another date.

“We are sorry for the inconvenience this may cause you but be rest assured you will be re-invited for the briefing on a later date.’’

Vanguard reports that this development may cause delay in the June salaries of both federal and state workers’ until the matter responsible for the inconclusive meeting is resolved.

The reason for the delay might reportedly not be unconnected to the accrued debts owed to the Federation Account by the NNPC which caused a similar delay in March.

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Meanwhile, Legit.ng earlier reported that the Federation Accounts Allocation Committee (FAAC) finally ended the crisis that rocked its meeting on Tuesday, March 27, as it finally disbursed a total of N647.39 billion to the central, state and local governments in the country.

The success of the meeting, according to reports, was because of the intervention of the finance minister, Kemi Adeosun, who reconvened it on Wednesday, March 28.

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Source: Legit.ng